Mousiouttas hopes pension reform bills will reach next cabinet meeting

Nicosia, Cyprus. Labour Minister Marinos Mousiouttas said on Thursday he hoped the cabinet would discuss pension reform legislation at its next meeting, with the Law Office expected to finish its legal review by Monday.

Legal review nearing completion

Addressing the opening of a meeting of the labour advisory body, Mousiouttas said the reform would go before the cabinet for approval after the review, before being sent to the House of Representatives.

“We are entering the final stretch,” he said, adding that “the final measures are the most difficult.”

Positions on provident funds

Mousiouttas also said participants in the technical committee examining provident funds, the pension system’s second pillar, appeared to be firming up their positions. He expected the discussions to move to the labour advisory body.

The minister said written positions had already been received from employers’ federation OEV and chamber of commerce Keve.

SEK deputy general secretary Panikos Argyrides said the union would submit its views by the day’s end. PEO general secretary Sotiroula Charalambous said her union would provide its positions by Monday.